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Nov 7, 2012
11/12
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i do feel good about florida. >> what makes you feel good about florida? >> i think romney is going to do well on the i-4 corridor but will keep it close enough in the eastern time zone that when the votes come in from the central time zone, northwest florida, for hundreds of thousands of people vote, they will roll up a big margin for romney and it will overcome whatever small margin, if any, obama gets out of the eastern half the state. >> sounded a little to me, i'm playing psychologist here, probably bad thing to do, that your knees are knocking a little bit over virginia. and i would dare say, if governor romney doesn't carry virginia, he isn't going to carry. >> very hard for him to win without virginia. it's not impossible but it's very hard. i think virginia is going to be very, very close. i think it's going to be razor thin. i would rather have romney's hand in virginia than obama's because -- >> governor barbour, it's brian sullivan in rockefeller center, sorry to jump in, sir. >> that's all right. >> i'm also from virginia and understand the by
i do feel good about florida. >> what makes you feel good about florida? >> i think romney is going to do well on the i-4 corridor but will keep it close enough in the eastern time zone that when the votes come in from the central time zone, northwest florida, for hundreds of thousands of people vote, they will roll up a big margin for romney and it will overcome whatever small margin, if any, obama gets out of the eastern half the state. >> sounded a little to me, i'm playing...
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Nov 6, 2012
11/12
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most of florida will close the at 7:00. the western part of the panhandle is in the central time zone, so that will close an hour later. 123 states follow at 9:00 p.m. and at 11:00, the rest of the west coast states will finish out including california. alaska will round everything out at 1:00 a.m. you can see that handy little chart there. here's another chart that gives you a sense of the official nbc projections tonight. 270 electoral college votes are needed to win and, yes, it is not the popular vote that matters. it is the lector are ral college vote that matters. 237, this is what nbc is proceed correcting currently for bal. you can see on the map the states blue are those expected to give all of their votes to him. romney we're projecting 206 votes. in yellow, these are the key swing states. nbc sees eight of them for the time being and the most important one probably to watch is, yes, ohio. right here. not far from virginia which is probe the second most important. maybe colorado over here, the third. but in ohio,
most of florida will close the at 7:00. the western part of the panhandle is in the central time zone, so that will close an hour later. 123 states follow at 9:00 p.m. and at 11:00, the rest of the west coast states will finish out including california. alaska will round everything out at 1:00 a.m. you can see that handy little chart there. here's another chart that gives you a sense of the official nbc projections tonight. 270 electoral college votes are needed to win and, yes, it is not the...
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Nov 20, 2012
11/12
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he was arrested by the fbi this morning at his florida home, we're told, but the two of them worked at cr intrinsic. one reason i'm told cohen is is upset today or as of yesterday is that cr intrinsic was not just an isolated unit, it provided research and trading for other parts of the firm, not just what they were doing specifically. it's very troubling information for the firm and for cohen as well and i agree. it would seem to be another shoe to drop in this ongoing investigation. >> let's also be clear, kate, that neither mr. cohen nor sac itself with accused of any wrong doing. this is a gentleman who works for that unit. we have scott cohn on the phone with us. scott has covered most of the big high profile insider trading cases over the last several years. good to have you on. this is an aggressive u.s. attorney, right? he doesn't mess around. since 2009, he's brought some 72 cases of insider trading. right? >> right. it's worth noting these inv investigations predate him. we're seeing a lot of these investigations being wrapped up as the year comes to an end and prosecutors ha
he was arrested by the fbi this morning at his florida home, we're told, but the two of them worked at cr intrinsic. one reason i'm told cohen is is upset today or as of yesterday is that cr intrinsic was not just an isolated unit, it provided research and trading for other parts of the firm, not just what they were doing specifically. it's very troubling information for the firm and for cohen as well and i agree. it would seem to be another shoe to drop in this ongoing investigation. >>...
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Nov 19, 2012
11/12
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florida comes in relatively high. so michelle, what we have here is a situation where the sequestration was designed to create a lot of political pain across the country but it is going to be unevenly spread out. for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the
florida comes in relatively high. so michelle, what we have here is a situation where the sequestration was designed to create a lot of political pain across the country but it is going to be unevenly spread out. for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on...
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Nov 5, 2012
11/12
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that's north carolina and florida. all the others, iowa, colorado, new hampshire, ohio, the rest of that set of battle ground states are all leading for obama. now, many of them are close, but if mitt romney only carries florida and north carolina among those battleground states, he's only 235 electoral votes. what he has to do is put together in this final sprint victories in states like virginia, like in ohio, like wisconsin, like colorado. that's the way he could get to 270 electoral votes. we'll see whether the two candidates turn out machines produce the way they have hoped they will. and i talked to someone in the romney campaign today who said the polls have simply not captured the republican intensity. we'll find out tomorrow whether that intensity is actually superior to the democrats. >>. >> thank you. candidates battling it out into the final hour, for sure. what is wall street expecting to see from president romney versus candidate romney? will he be harder on china? a lot of questions. >> mike satolli from
that's north carolina and florida. all the others, iowa, colorado, new hampshire, ohio, the rest of that set of battle ground states are all leading for obama. now, many of them are close, but if mitt romney only carries florida and north carolina among those battleground states, he's only 235 electoral votes. what he has to do is put together in this final sprint victories in states like virginia, like in ohio, like wisconsin, like colorado. that's the way he could get to 270 electoral votes....
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Nov 19, 2012
11/12
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in florida, a lot of social security spending. up here you have the risk management association -- sorry, agency, from department of agriculture. crop subsidy and drought relief comes through here. education, public assistance. the whole spectrum, pretty much, are subject to 8% cuts. let's take a look by state when we look at the total count here. this is from the pew research center. we find maryland, virginia, d.c., 20%. that's evenly split between the green, nondefense, and the blue, which is defense spending. hawaii, 16%. almost all of it is defense spending. places like kentucky and alabama. a lot of this is defense spending. a lot of these, by the way, are red states and they'll get hit. incentive for them to come to the table. one more way to look at this is federal jobs. this is by state. a red state, texas, a lot of federal jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a lower rate. anyway, what this would
in florida, a lot of social security spending. up here you have the risk management association -- sorry, agency, from department of agriculture. crop subsidy and drought relief comes through here. education, public assistance. the whole spectrum, pretty much, are subject to 8% cuts. let's take a look by state when we look at the total count here. this is from the pew research center. we find maryland, virginia, d.c., 20%. that's evenly split between the green, nondefense, and the blue, which...
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Nov 6, 2012
11/12
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we'll take you a little bit further south, of course florida one of our swing states. and getting messier by the minute across sections of north florida and you can clearly see that that rainfall will make impacts for many of you across sections of the southeast including georgia and into the carolinas. some showery weather also for those of you in the northwest. in terms of tracking the storm system, the nor'easter that we've been talking about, this has clearly been on everyone's mind and we know how important it is to folks who want to get the latest details. once that storm system which is bringing the rain that we just showed you across the southeast begins to lift upward, we are anticipating those impacts to begin wednesday into thursday. and then thursday into thursday night, we will see some wet and wintry weather continuing, but the latest model runs are trending the system a little bit further offshore. back to you. >> thanks, danielle. it is now a sprint to the white house this morning. investors are waiting for a level of uncertainty to be removed from the
we'll take you a little bit further south, of course florida one of our swing states. and getting messier by the minute across sections of north florida and you can clearly see that that rainfall will make impacts for many of you across sections of the southeast including georgia and into the carolinas. some showery weather also for those of you in the northwest. in terms of tracking the storm system, the nor'easter that we've been talking about, this has clearly been on everyone's mind and we...
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Nov 1, 2012
11/12
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campaigning yesterday was prominent florida republicans including former florida governor jeb bush, joins us now, of all the swing states, governor, florida seems to be one where the romney campaign is feeling pretty good. is that still the case? can you hear us now, governor bush? we'll be back to him in a second, make sure we check our audio. i can tell, when i was staying up in florida he was going like that and i don't think he meant no. i realized then probably the ifp -- >> quick programming note on the bridge issue that we discussed before, only the three-person rule only applies to the henry hudson bridge, lincoln tunnel, triboro, queens boro, anything below 63rd street. coming on the george washington street, harlem river bridge you do not need to have three people. >> which is probably why you see long traffic lines at the gw bridge, that is an issue and why we've seen so much. the hurricane deductibles, new jersey is saying when it hit the shore in new jersey that it was a post tropical cyclone. gentlemen you watch business, what does that mean for the insurance companies if yo
campaigning yesterday was prominent florida republicans including former florida governor jeb bush, joins us now, of all the swing states, governor, florida seems to be one where the romney campaign is feeling pretty good. is that still the case? can you hear us now, governor bush? we'll be back to him in a second, make sure we check our audio. i can tell, when i was staying up in florida he was going like that and i don't think he meant no. i realized then probably the ifp -- >> quick...
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Nov 30, 2012
11/12
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elizabeth in florida? >> caller: hey, cramer. i own iaci. >> sure, i know it. >> you know one of major holdings is match.com. in october the stock took a huge hit as a result of a patent infringement lawsuit. okay, this is of caveat. it's a possibility of future lawsuts. however, the fundamentals remain intact. is it a match made in heaven or a bad date? >> it's a good date. it's profitable. i thought it was terrific. i am a buyer of interactive corp. as we wait for washington to rise above, remember to keep your eye on the main prize -- the chance it's apple, it's amazon, it's google. for me, apple, it's still the real standout. "mad money" will be right back. >>> coming up -- power up? >> the devastation left in the wake of sandy is a stark reminder of just how vulnerable our critical infrastructure is. as this crucial backbone is rethought and rebuilt, cramer looks at one stock that seems to be in a powerful position. could it recharge your portfolio? and later -- >> house of pleasure. >> pending home sales rose to a five-year
elizabeth in florida? >> caller: hey, cramer. i own iaci. >> sure, i know it. >> you know one of major holdings is match.com. in october the stock took a huge hit as a result of a patent infringement lawsuit. okay, this is of caveat. it's a possibility of future lawsuts. however, the fundamentals remain intact. is it a match made in heaven or a bad date? >> it's a good date. it's profitable. i thought it was terrific. i am a buyer of interactive corp. as we wait for...
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Nov 15, 2012
11/12
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and i report on the buildout of florida in the 80s. growth comes with constraints and costs. what are the hurdles going from 10,000 to 25,000 and double again. >> the best example is walmart. starting rate $17 an hour, short 125 people, $25 an hour overtime and but the challenge is we get 100 to 150 people a day looking for jobs. if you don't have housing you're not going to last and we're tired of people living in their cars and that type of thing, we regulated them out so we want to become, this play is going to be around for 50 years and so make an investment, build a town, a community. >> there's been a history of boom towns and bus towns. are you confident in the 50-year forecast? >> yes. >> you must have confidence. >> we do, we have information from sampson, a private equity platform we control in the energy shale and we have access to hess and haliburton and slumberge and it points to a 40 or 50-year -- >> can you give us the math in terms of are you renting properties, selling some properties, how much they're going to go for,
and i report on the buildout of florida in the 80s. growth comes with constraints and costs. what are the hurdles going from 10,000 to 25,000 and double again. >> the best example is walmart. starting rate $17 an hour, short 125 people, $25 an hour overtime and but the challenge is we get 100 to 150 people a day looking for jobs. if you don't have housing you're not going to last and we're tired of people living in their cars and that type of thing, we regulated them out so we want to...
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Nov 29, 2012
11/12
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chad in florida, please. >> caller: hey, jim, a boo-yah from orlando. >> man, i wish i were in orlando. i wish it was warm. what's up? >> caller: i have a question on north start realty finance. it looks lie this got up graded today. could it be a way to play a comeback? >> we look at this one, this is a very, very good company. they're a real estate debt company. here's what i want to do. i want it on the shelf. that's how we'll make our best adjustment. you're invited to come on "mad money." whether you're house hunting on profit-hunting. i think realogy is the best, but pricey. still too high. let it come in, but don't hesitate to pull the trigger. it's best in show. don't move. lightning round is up next. >>> it's a brutal full-contact sport. >>> it is time. it's time for the liningening round. buy buy buy or sell sell sell. hey, staffsers prepared the graphics on the fly. then the lightning round is over. i want to start with brian in ohio. brian? >> caller: hey, jim, out of cleveland here, i have a question for you on mark west here. i bought it around 51. i watched it go up, bac
chad in florida, please. >> caller: hey, jim, a boo-yah from orlando. >> man, i wish i were in orlando. i wish it was warm. what's up? >> caller: i have a question on north start realty finance. it looks lie this got up graded today. could it be a way to play a comeback? >> we look at this one, this is a very, very good company. they're a real estate debt company. here's what i want to do. i want it on the shelf. that's how we'll make our best adjustment. you're invited...
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Nov 13, 2012
11/12
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and a superstorm sandy hit the new york area last week, now a florida utility says that the long island power authority sent letters to florida crews and asking them to temporarily join the union before they could help out. and that may have delayed their arrival. the union says no one was turned away if they refused to join. all right. you her all the pundits saying democrats are killing the republican party in the swing states. now senator ted cruise has a real shocker for us. he says immigration trends could very easily turn the reddest of red states blue. we are talking texas, of all places. can you believe that? we will have much more about this republican bungle of immigration when we talk to christopher at 7:50 this evening. new questions tonight following the sudden resignation of cia director david petraeus. over an extramarital affair. chair and senate intelligence committee saying that she will seek testimony from petraeus about the september attack on the consult in benghazi, libya. joining us now is the chair of the house homeland security committee, peter king. peter, chai
and a superstorm sandy hit the new york area last week, now a florida utility says that the long island power authority sent letters to florida crews and asking them to temporarily join the union before they could help out. and that may have delayed their arrival. the union says no one was turned away if they refused to join. all right. you her all the pundits saying democrats are killing the republican party in the swing states. now senator ted cruise has a real shocker for us. he says...
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Nov 6, 2012
11/12
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florida, nu/"carolina, virginia, iowa, colorado, nevada -- which is tough for romney. we get to 269-269. then it goes to congress. the house of representatives picks the president. we have a republican house and will have one after this election. that means mitt romney assuming no elector defects to one side or the other. the house of representatives would elect mitt romney president. but the senate elects the vice president. that means joe biden could serve with mitt romney. crazy and i don't expect it to happen. but not beyond the realm of possibility. >> you have biden in cleveland, romney there, too. is that a lack of confidence in ohio? >> i think that suggests a determination not to relax on the final day. the president will do media interviews from home in chicago. mitt romney is out on the stump. i think so is paul ryan for that matter. joe biden is ensuring the democrats aren't leaving anything set in ohio unanswered. >> john, thanks so much. going to be a long night. we'll look forward to your reports throughout the evening. history shows democratic president
florida, nu/"carolina, virginia, iowa, colorado, nevada -- which is tough for romney. we get to 269-269. then it goes to congress. the house of representatives picks the president. we have a republican house and will have one after this election. that means mitt romney assuming no elector defects to one side or the other. the house of representatives would elect mitt romney president. but the senate elects the vice president. that means joe biden could serve with mitt romney. crazy and i...
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Nov 9, 2012
11/12
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let's go to pedro in florida. pedro? >> hey, jim. stock ticker symbol bys. i've been going to it for a year now. it's pretty good. i don't know what to do with it anymore. >> oh, boy. all right. this is the whole group of real estate investment trusts. i don't recommend them unless they come on the show. they have to come on the show. now, you know, i have been recommending annaly. it is better than this one. but i have to do more work. dean in washington. dean? >> hey, jimbo. sad, sad, losing money every day boo-yah. >> many of us are. >> so hey, last week i dialed in to solutions. they missed the earnings. >> no hurry. now you're in tax law selling season. i don't think you touch that stock until the he end of the year. i need david aldridge to come in and talk about it. and that is the conclusion of the "lightning round." >> "the lightning round" is sponsored by td ameritrade. and later, cash infusion? from syringes to surgery, medical supply company henry schein is in the heart of health care. as this sector settles into new reforms, should you make an a
let's go to pedro in florida. pedro? >> hey, jim. stock ticker symbol bys. i've been going to it for a year now. it's pretty good. i don't know what to do with it anymore. >> oh, boy. all right. this is the whole group of real estate investment trusts. i don't recommend them unless they come on the show. they have to come on the show. now, you know, i have been recommending annaly. it is better than this one. but i have to do more work. dean in washington. dean? >> hey, jimbo....
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Nov 6, 2012
11/12
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. >> as we go to the break, people in florida waiting in long lines to cast their vote in what is always an important swing state. we're back after this. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses
. >> as we go to the break, people in florida waiting in long lines to cast their vote in what is always an important swing state. we're back after this. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low...
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Nov 5, 2012
11/12
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key battleground, 13 electoral votes at stake. 48, 47 bavmt look at florida. even bigger. of course the election that deadlocked the 2000 campaign. 49-47 obama. and the state of ohio which most see as the hinge state for the election. 18 electoral votes. president obama up 51-45 among likely voters. we don't know the composition of turnout. white versus african-american and hispanic turnout. these key. and the proportion of senior citizens versus young voters. obama's base but they have not shown a tremendous amount of interest. >> pennsylvania had become a swing state. do you believe it? >> i don't believe so. mitt romney doesn't have as many options as president obama does. he's making a late play to move the numbers. >> are we going to have an answer on wednesday or is this going to drag out? >> i think we'll have an answer. i have been saying by midnight. some of my colleagues say it may take longer to call some states. i think if you look at the consistency of the way battleground states tend to fall it is not likely we'll in b in a multi day process. >> you have a qu
key battleground, 13 electoral votes at stake. 48, 47 bavmt look at florida. even bigger. of course the election that deadlocked the 2000 campaign. 49-47 obama. and the state of ohio which most see as the hinge state for the election. 18 electoral votes. president obama up 51-45 among likely voters. we don't know the composition of turnout. white versus african-american and hispanic turnout. these key. and the proportion of senior citizens versus young voters. obama's base but they have not...
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Nov 30, 2012
11/12
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. >> florida. >> the pac-10 or the big ten? i don't know what i'm talking about. who is the competitor to the sec? >> there is no -- there hasn't been a competitor. >> what's the one that rut gger just join some had. >> the big ten. >> on so trying toitor competitor. >> and there are good teams out west. pac-10. oregon is good and ucla and usc. >> by the way, i have to apologize, i don't know if june is watching. she sat by us at the game. she gave me gloves, i'm really sorry, i walked out with them. i gave them to ray who said that he sees you all the time. >> ray rice? >> no, a different ray. i hope that he actually does see her because i gave him the gloves. but tweet me and i'll pay for the gloves. sorry. i feel so bad, i pronled i'd give the gloves back and i walked out with them. >> i guess we should move on. >> probably. >> earlier this week we told you about james gorman's memo to employees, encouraged them to make calls and letters to washington demanding a balanced compromise on the fiscal cliff. today's politico's morning money reports the bank's employ
. >> florida. >> the pac-10 or the big ten? i don't know what i'm talking about. who is the competitor to the sec? >> there is no -- there hasn't been a competitor. >> what's the one that rut gger just join some had. >> the big ten. >> on so trying toitor competitor. >> and there are good teams out west. pac-10. oregon is good and ucla and usc. >> by the way, i have to apologize, i don't know if june is watching. she sat by us at the game. she...
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Nov 27, 2012
11/12
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it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you, it's our living in sin that's bringing on all this weather. >> that we know to be true. >> right. >> especially your living in sin, joe. >> it's moral decline bringing on natural disasters. the end of the world is near. i look at both sides -- >> i'm not a scientist. >> no, you're not. >> i'm not. neither are you. >> you are a preacher. >> i'm somebody who reads enough to know that most scientists believe the climate is warming. >> most believe that. connecting the storms is where -- >> up next, a couple friend requests from investors and later strategies f
it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you,...
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Nov 26, 2012
11/12
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the oil sands are buried under forests in alberta the size of florida. the oil here doesn't come gushing out of the sand the way it does in the middle east. the oil is in the sand. it has to be dug up and processed. >> this mine in general will be in operation for about 25 years. >> rick george, the colorado-born c.e.o. of suncor energy, took us into his strip mine for a tour. >> so, bob, this is what the oil sands tar looks like. it's a very rich, very pliable kind of a soil. >> now, when i squeeze it, why doesn't oil come out? >> well, because it's not warm enough. if you add this to hot water, you'll start the separation process, and you'll see the oil come to the top of the water, and you'll see sand drop to the bottom. >> it looks like topsoil, doesn't it? >> it does, but it is oil. >> it looks like topsoil, but all it grows is money. [laughter] it didn't always. the oil sands have been in the ground for millions of years, but for decades, prospectors lost millions of dollars trying to squeeze the oil out of the sand. it simply cost too much. t. boo
the oil sands are buried under forests in alberta the size of florida. the oil here doesn't come gushing out of the sand the way it does in the middle east. the oil is in the sand. it has to be dug up and processed. >> this mine in general will be in operation for about 25 years. >> rick george, the colorado-born c.e.o. of suncor energy, took us into his strip mine for a tour. >> so, bob, this is what the oil sands tar looks like. it's a very rich, very pliable kind of a soil....
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Nov 21, 2012
11/12
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of a trade engineered by a former sac employees named matthew martoma who has been arrested in his florida home yesterday and charged. cohen gen again was taken aback that federal investigators were involved. the hedge fund founder said he'll keep doing what he does. he's told staff members to just keep their heads down and continue trading as they always do. it is important to note that sac has had great returns in recent years. this year they're north of 10% up side. as a result investors have been very loyal to sac over the years and its capital base has grown. however one funds manager told me this morning that under pressure from some other investors of his own who are uncomfortable with the sac situation, he's been forced to redeem his firm's capital from sac. it is not a large amount and it is very unclear whether other investors will follow suit or not. but at the same time it kind of tells that you this recent set of events is touching a nerve among some investors, and perhaps some employees as well who seem a bit shaken. >> kate, stay with us. we'll bring in greg zuckerman with t
of a trade engineered by a former sac employees named matthew martoma who has been arrested in his florida home yesterday and charged. cohen gen again was taken aback that federal investigators were involved. the hedge fund founder said he'll keep doing what he does. he's told staff members to just keep their heads down and continue trading as they always do. it is important to note that sac has had great returns in recent years. this year they're north of 10% up side. as a result investors...
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Nov 30, 2012
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 8, 2012
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. >> john, i'm told that did not pass in south florida. it was proposed but didn't pass and the total cost per gas station is $8,000 to $10,000 for the prewiring and the generator. seems like they would have made that over the last couple of weekends, if they had had it. anyway, to not worry about losing the power when you don't have it is the only thing i can -- like this last storm it's like hey, neighborhood doesn't have power anyway. you can't do anything to us at this point. john hofmeister, appreciate it. thanks. >>> coming up, policy decisions from the bank of england and the european central bank, two important announcements from europe that are still ahead this morning. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. impact wool exports from new zealand,
. >> john, i'm told that did not pass in south florida. it was proposed but didn't pass and the total cost per gas station is $8,000 to $10,000 for the prewiring and the generator. seems like they would have made that over the last couple of weekends, if they had had it. anyway, to not worry about losing the power when you don't have it is the only thing i can -- like this last storm it's like hey, neighborhood doesn't have power anyway. you can't do anything to us at this point. john...
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Nov 2, 2012
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>> becky it happens after every hurricane whether on the gulf coast, florida and unfortunately in the metropolitan area in new york. the supply siders are doing everything they know how to do. so you broaden utility crews from across the country, trying to get electricity restored, the oil companies are doing everything they can do within the limits of safety, and regulation to get supply out to the public. we also have to do something different on the demand management side. what's happening is that the demand side is descending into chaos and you see it in the gas lines. this could get to gunfire if it continues in the way it's going now. my recommendation is for the governors of new jersey, new york and connecticut, come together, go to an odd/even rationing plan, cut the demand in half every day by going to odd/even rationing. >> based on your driver's license or based on the -- >> based on the license plate. >> like we did back in the '70s. >> exactly. so you've cut the demand in half by definition of what numbers on your car license plate. take care of the service providers, tax
>> becky it happens after every hurricane whether on the gulf coast, florida and unfortunately in the metropolitan area in new york. the supply siders are doing everything they know how to do. so you broaden utility crews from across the country, trying to get electricity restored, the oil companies are doing everything they can do within the limits of safety, and regulation to get supply out to the public. we also have to do something different on the demand management side. what's...
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Nov 15, 2012
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when the storms hit florida, frankly they do hit areas and they hit them hard. so many people that live in the area, you have not had this. so it's really hard to know, carl, the 439 plus 78,000, doesn't seem like that much. i have seen estimates that claims could go up as high as 500,000 or higher. so that's something to look out for. how much drop you would expect and why we see it in philly and not in empire state, which arguably should have been more impacted than philly fed, of course you are, philly is down in that southern new jersey area that was hit by a lot of rain, that's possible. i honestly have to answer your question, carl, by saying i did not know what to expect, except that beyond noisy, i expected it to be negative. >> also double dose of big box retail earnings this morning, walmart and target both beating estimates on the top line, but walmart did -- patrick mckeeve, that neutral looks awfully pressure right now. what is your response to how they did? >> the sales were disappointing, they comped up 1.5%, walmart u.s. and i think there were so
when the storms hit florida, frankly they do hit areas and they hit them hard. so many people that live in the area, you have not had this. so it's really hard to know, carl, the 439 plus 78,000, doesn't seem like that much. i have seen estimates that claims could go up as high as 500,000 or higher. so that's something to look out for. how much drop you would expect and why we see it in philly and not in empire state, which arguably should have been more impacted than philly fed, of course you...
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Nov 19, 2012
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what we saw in 1992 in florida with andrew was that it did pull up the gdp. the rebuild did. this is a similar rebuild although there will be tremendous tension. those of house have property down there who submitted our bills to the insurance companies, how much of it was water damage? well, a lot of it. nice to know you. it's good. i hope you don't have mold down there. >> if it got flooded, you should hope a tree fell on top. >> the insurance companies are telling you to read fine print. fine print is very bad. >> when we come back, taking a bite out of apple in bear territory after a slight gain on friday and stock up in premarket. is it finally the time to buy? you might remember david shulman now with ucla forecast. he says why you should brace. nice rallies given that dow in the past four of six weeks have been down more than 200 points. more "squawk on the street" is back in a minute. >> take a look where we are set to open here up 112 points on the dow jones industrial average. a little bit of optimism this morning as some commentary over the weekend and on friday tha
what we saw in 1992 in florida with andrew was that it did pull up the gdp. the rebuild did. this is a similar rebuild although there will be tremendous tension. those of house have property down there who submitted our bills to the insurance companies, how much of it was water damage? well, a lot of it. nice to know you. it's good. i hope you don't have mold down there. >> if it got flooded, you should hope a tree fell on top. >> the insurance companies are telling you to read fine...
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Nov 20, 2012
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ago in the high fives and low sixes, so whether you're looking at the national association of home floridas index yesterday, marching up to the best levels since may of '06 or starts and permits, i would have to say that i can't tell you if every region is going to have hot housing market as some of the stories i was reading about in miami, but there seems little doubt at least at this point before everybody starts tackling deductions like home mortgage interest, that it's trying to get a bite and trying to grab. rates kicked up maybe a basis point. dollar index under duress and doing better again, the dollar that is on the yen and that has been one of the big trades last several weeks. back to you. >> rick, thank you. steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i
ago in the high fives and low sixes, so whether you're looking at the national association of home floridas index yesterday, marching up to the best levels since may of '06 or starts and permits, i would have to say that i can't tell you if every region is going to have hot housing market as some of the stories i was reading about in miami, but there seems little doubt at least at this point before everybody starts tackling deductions like home mortgage interest, that it's trying to get a bite...
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Nov 7, 2012
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florida still too close to call. during his speech he taouch tou a number of topics. bringing democrats and republicans together in washington to resolve a number of issues. >> i believe we can seize this future together. we are not as divided as our politics suggest. we're not as cynical as pundits believe. we are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> so what's next for president obama? obviously the fiscal cliff talks and already we're hearing that house speaker boehner plans on addressing that issue at least initially this afternoon. president obama does return to the white house this afternoon. he has no public events scheduled but i imagine it won't be long before we get an indication of what will happen over the next couple of weeks. one last thought, having covered this campaign and looking at the auto industry, it will be interesting to see what happens with the treasury department's stake in general motors. it's about 25%
florida still too close to call. during his speech he taouch tou a number of topics. bringing democrats and republicans together in washington to resolve a number of issues. >> i believe we can seize this future together. we are not as divided as our politics suggest. we're not as cynical as pundits believe. we are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. we are and forever will be the united states of america....
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Nov 5, 2012
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although the blogs that i read over the weekend, if romney doesn't win florida, it's almost impossible he can win the presidency almost by adding in any other combination of states. but there's likely to be gridlock in congress on again for another at least two years, possibly four years. if that's the case, either romney or obama will find their ability quite circumscribed. but there are key areas where either administration would follow fairly similar policies and they are related to expiration for oil and gas and production of oil and gas. it's forgotten now that a couple of months before the gulf of mexico disaster, the bp disaster in 2010, obama had opened up substantial areas off the atlantic coast of the u.s. more region ofs of the gulf of mexico and i think the west coast, as well, to exploration efforts. in other words, the obama administration was of the gulf and i think the west coast, as well, to exploration efforts. in other words, the obama administration was committed to increases production to help towards the long term goal of redur reducing energy import independence.
although the blogs that i read over the weekend, if romney doesn't win florida, it's almost impossible he can win the presidency almost by adding in any other combination of states. but there's likely to be gridlock in congress on again for another at least two years, possibly four years. if that's the case, either romney or obama will find their ability quite circumscribed. but there are key areas where either administration would follow fairly similar policies and they are related to...
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. >>> welcome back to "squawk box" this morning, the race in the battleground state of florida lived up to its billing. that presidential contest is still too close to call. but mary thompson is there. and maybe she's not going to call it for us, but can give us more information on where we are. mary? >> reporter: no, i'm not going to call it, andrew. might not be until this afternoon or possibly 9 to 12 days from now before we know the outcome of the florida vote here. the vote count was called off late last night. miami-dade, which is one of the most populous counties here in florida said it would continue the vote count today. hanging in the balance, 29 electoral votes. but, again, at this point may make little difference. this is where we stand as far as the vote count goes with president obama showing a slight lead over governor romney according to the florida division of elections. now, even if the final results are submitted today, if there is a margin of victory of less than .5%, here in florida, that triggers an automatic vote recount. that has to be completed either after n
. >>> welcome back to "squawk box" this morning, the race in the battleground state of florida lived up to its billing. that presidential contest is still too close to call. but mary thompson is there. and maybe she's not going to call it for us, but can give us more information on where we are. mary? >> reporter: no, i'm not going to call it, andrew. might not be until this afternoon or possibly 9 to 12 days from now before we know the outcome of the florida vote here....
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Nov 26, 2012
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martoma who has been living in florida of course as we know as he enters the court. continue, judge. >> the government will put together matching phone calls to particular trades and also look at speed of which trades take place and when they take place that will be part of the circumstantial evidence that will be used to ask the jury to infer that the defendant, mr. martoma, and others were acting with criminal intent. >> we had you on to talk about the gupta trial and now this one. we'll come back time and time again. is the hurdle for either side significantly higher or lower than in the case like gupta? >> in this case, in mr. mart yo appear there are any recordings. it will be a different play. >> just finally, judge, what is now the landscape of federal investigations into the financial services industry? what does this case tell us about where we are now? >> well, it underscores how broad the investigation is and some indication of how broad the problem might be. it's a whole different sphere, if you will, it's no longer the related activities as broad as they
martoma who has been living in florida of course as we know as he enters the court. continue, judge. >> the government will put together matching phone calls to particular trades and also look at speed of which trades take place and when they take place that will be part of the circumstantial evidence that will be used to ask the jury to infer that the defendant, mr. martoma, and others were acting with criminal intent. >> we had you on to talk about the gupta trial and now this...
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Nov 14, 2012
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recently ships that were previously taking gasoline into florida or maybe even new york was starting to move crude oil up to the refineries on the east coast. >> now, you were part of the rescue effort with sandy in terms of bringing some fuel into the region. >> no, we actually are in the emergency response business. we have a group that prepares and trains people for emergencies, supervises debris removal, assists state and local governments with recovering money from fema. >> i didn't realize that. and how then do you judge -- we're looking at this article this morning in terms of what was going on long island power, for example. what kind of grade to you give the utilities in this situation? >> hard for me to grade them, i think the public and their constituency is not giving them a good grade at the moment. >> did you train these people? >> we did not train those people. >> if you could -- if we could redo sandy, let's hope we don't ever have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have sto
recently ships that were previously taking gasoline into florida or maybe even new york was starting to move crude oil up to the refineries on the east coast. >> now, you were part of the rescue effort with sandy in terms of bringing some fuel into the region. >> no, we actually are in the emergency response business. we have a group that prepares and trains people for emergencies, supervises debris removal, assists state and local governments with recovering money from fema....